By Matthew Majendie MIAMI (Reuters) -Reduced profit expectations and a potential $5 billion hit from automotive tariffs will not affect Cadillac’s Formula One debut next season, General Motors (NYSE:GM) President Mark Reuss said on Saturday. Cadillac’s parent company GM cut its 2025 profit forecast this week in the wake of uncertainty over the wide-reaching tariffs introduced by President Dona ...
By Jonathan Stempel OMAHA, Nebraska (Reuters) -Berkshire Hathaway Vice Chairman Greg Abel said on Saturday that "keeping the lights on" is no longer a priority for the conglomerate’s utilities when the threat of wildfires becomes excessive. Abel spoke at Berkshire’s annual shareholder meeting, as the conglomerate’s PacifiCorp utility defends against a slew of litigation over wildfires in Ore ...
NEW YORK (Reuters) - Warren Buffet said on Saturday that Vice Chairman Greg Abel should become Berkshire Hathaway (NYSE:BRKa)’s chief executive officer at the end of this year. Buffett’s announcement was made during Berkshire’s annual meeting in Omaha. 3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads.Should you invest $1,000 in BRKa right no ...
Investing.com -- Legendary investor Warren Buffett announced Saturday that he will step down as the CEO of Berkshire Hathaway (NYSE:BRKa) after six decades at the helm. He will be leaving the long-held post at the end of this year. Buffett was speaking at the company’s annual meeting in Omaha, Nebraska.Buffett’s successor has been confirmed as Greg Abel, who currently serves as the vice ...